>> my son in first grade came hollen and announced that president obama had won his class election unanimously. [laughter] that he was a democrat. [laughter] he told me that with grape jelly covering his face. i said, it is ok to be a democrat but you must not eat like one. [laughter] [no audio] [applause] [applause] but look, for republicans, one of the things that was curious about the election with mitt romney -- as someone who is outside of washington, pool had no ownership of any of the congressional republican dysfunction from the delayed congress at all over the last 10 years -- his hands were absolutely pure on spending. he had the ability, i think, to rebuke those republican -- the republican spending profligacy and democratic spending profligacy. he was only credible in offering a criticism of spending under the administration if he was able to burst -- first talk about republican spending in the area, that we were going in a new direction. i think that a -- i think the republicans confused the word oversight and regulation. sometimes we need regulation. sometimes we do not need regu